• EUR/ AUD rose higher on Wednesday as bullish retained control ahead of upcoming ahead to the ECB interest rate decision .
• The ECB is anticipated to keep rates unchanged in July, awaiting more data to confirm the return of inflation to target.
• President Lagarde is expected to emphasize that the ECB will remain data-dependent, evaluating the situation on a meeting-by-meeting basis without committing to a specific rate path.
• Technically, the moving averages are indicating a uptrend trend, while the Relative Strength Index (RSI) is strongly bullish at 70.
• Immediate resistance is located at 1.6297(23.6%fib), any close above will push the pair towards 1.6333 (June 11th high).
• Strong support is seen at 1.6243(38.2%fib) and break below could take the pair towards 1.6195(50% fib ).
Recommendation: Good to buy around 1.6240 with stop loss of 1.6130 and target price of 1.6300


JPY Strength Alert: USDJPY, AUDJPY, EURJPY and CADJPY Turn Extremely Bullish
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades
FxWirePro- Major Crypto levels and bias summary
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
Major Crypto Action Bias: ETHUSD Turns Bullish – Only Bullish Pair to Watch
JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118 



